Uk Lawmakers Launch Royal Mail Inquiry As Share Rise Continues

UK Media Day notes: Building a champion comes bit by bit, Calipari says

16 Markets LONDON | Wed Oct 16, 2013 1:57am EDT LONDON Oct 16 (Reuters) – Britain’s FTSE 100 index is seen opening mixed on Wednesday – down 5 to up 2 points, according to financial bookmakers, as anxious investors hope that talks to avert a U.S. debt default could result in a deal before the Oct. 17 deadline. For more on the factors affecting European stocks, please click on * U.S. Senate leaders were still discussing a deal late on Tuesday aimed at raising the debt limit and reopening federal agencies that have been closed for two weeks. Senate aides said a deal was close but earlier hopes that a deal could be announced late on Tuesday were not met. * The blue-chip FTSE 100 index closed up 41.46 points, or 0.6 percent, at 6,549.11 points on Tuesday, trading around its highest levels since Sept. 27, which was before the political deadlock that partially shut down the U.S. government. * No FTSE 100 companies will go ex-dividend on Wednesday. * UK unemployment data is set for release at 0830 GMT, with the numbers now back in focus as new Bank of England Governor Mark Carney has linked a fall in jobless figures to any future rise in interest rates. * UK CORPORATE DIARY: HOCHSCHILD MINING issues third-quarter production results TODAY’S UK PAPERS > Financial Times > Other business headlines Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit* BridgeStation: view story .134(Reporting by Tricia Wright; Editing by Sudip Kar-Gupta)

The government, which last week priced the hugely oversubscribed sale of the near 500-year-old postal service at 330 pence per share, has been accused of undervaluing one of Britain’s biggest state sell-offs for decades. A parliamentary committee that scrutinizes government work said it wanted investment bank Lazard (LAZ.N), an adviser on the privatization, and Business Secretary Vince Cable to appear before the panel to discuss the deal. A spokesman for the Business, Innovation and Skills committee said the session was expected to take place in November. On its first day of full trading, the Royal Mail stock (RMG.L) hit a record high of 490p before closing up 2.9 percent on the day at 489p. The shares initially rose nearly 40 percent last Friday when they began trading conditionally. Before Tuesday, only institutional investors such as pension funds and individual investors who ordered stock through a broker offering conditional trading were able to sell, not those who bought through the government’s official website or by post. Last week, before the sale had been priced, the committee quizzed Cable on whether Royal Mail could be undervalued after some analysts said its London property portfolio may be worth much more than the official estimates. A poll by YouGov over the weekend showed while opposition to the privatization had fallen, with 56 percent believing it was wrong compared with 67 percent in July, 43 percent said they thought Royal Mail had been sold for less than it was worth. Four percent said the price was too high and 17 percent said it was about right. The government handed 10 percent of Royal Mail’s shares to staff in the largest share giveaway of any major British privatization, with just 368 of the 150,000 eligible UK-based workers declining to take up their free shares. Royal Mail said each eligible employee would receive 725 shares, with an initial market value of 3,545.25 pounds, although they are required to hold on to them for three years. As the value was based on Tuesday’s closing mid-price, the stock’s strong rise meant it was well above the 2,200 pounds per person estimated and exceeds the government limit on the maximum value of free shares that can be given to an employee in any tax year. Royal Mail said as a result it would split the allocation across two years. The Communication Workers Union (CWU), which represents postal workers, is due on Wednesday to announce the result of a strike ballot called in response to the privatization.

UK Stocks-Factors to watch on Wednesday Oct. 16

Global Manufacturing Context – including Electronics 2.1 Overview 2.2 UK Electronics 3. Structure of the UK RF/Microwave Industry 3.1 General Aspects 3.2 Relatively Large-Size Players 3.3 SMEs 3.4 Distributors 3.5 Supply Chains 4. Brief Profiles of Selected Major UK-Operating Players 4.1 Agilent Technologies (UK). 4.2 Astrium EADS. 4.3 CSR Plc (previously known as Cambridge Silicon Radio). 4.4 Chemring Plc. 5. End-user Market Trends. 6. UK Markets for MMICs. 6.1 MMIC Players Selling into the UK 6.2 GaAs, GaN, SiGe – Hype Versus Reality 6.3 UK TAMs for GaAs PA and Non-PA MMICs into AESAs 6.4 UK TAMs for GaN PA and SiGe Non-PA MMICs into EW 6.5 UK TAMs for GaAs PA and Non-PA MMICs into MWR 6.6 UK GaN PA and SiGe non-PA MMICs into MWR – TAMs 6.7 UK GaAs PA and non-PA MMICs into MMWR – TAMs 6.8 UK GaAs PA and non-PA MMICs into Ku-band VSATs – TAMs 6.9 UK GaN PA and SiGe non-PA MMICs into Ku-band VSATs – TAMs 6.10 UK GaAs PA and non-PA MMICs into K/Ka-band VSATs – TAMs 6.11 UK GaN PA MMICs into K/Ka-band VSATs – TAMs 6.12 UK GaAs, GaN and SiGe MMICs into ISM – TAMs Explore more reports on Industry Profiles Services markets at . About Us: MarketReportsOnline.com is an online database of regional industry research reports, company profiles and SWOT analysis studies for multiple industries, organizations and market segments.

UK RF/Microwave Industry Analysis & 2018 Forecasts in New Study at MarketReportsOnline.com

No one’s done it. That’s a record we’d hold and we’d be the first one. It’s realistic. But it’s not our main goal.” The last college team to go undefeated was Indiana, which finished 32-0 in 1975-76. Ancient history to the present-day Cats. One of those IU players, Tom Abernethy, called 40-0 a “worthy goal” for Kentucky. He also recalled Bob Knight emphasizing the performance of day-to-day tasks over making history. “I seem to recall Coach Knight playing every possession and game on its own terms,” Abernethy said. “To me, it’s the most effective way.” ESPN analyst Fran Fraschilla, a longtime friend of Calipari, vouched for the UK coach sticking to daily detail. “(Suggesting a 40-0 season) may be out there was a carrot for them,” he said. “But the process will be extremely difficult day to day. You win a national championship every day in practice. John may talk 40-0. But he’ll be looking to the next practice.” And if Kentucky falls short of perfection, well, so what?

UK Media Day: Cats debate possibility of 40-0 season

It just rattled in. I guess it was surprising because it was Derek, who we didn’t know could jump that high.” Johnson added that Willis can play. “He really can shoot the ball, especially for a 6-9 player. He’s very versatile. He fits well in this offense, just moving around the perimeter and stuff like that.” But, did Willis dunk on Randle and Johnson? Willis offered a vague, “It was just a play.” Senior Jon Hood said, no. “Not at all. Not at all,” Hood said. “Julius blocked it off the backboard and it hit Dakari’s hand and it went in. That was not a dunk. It was a good, tough layup.” So why did Calipari promote the play as a Willis dunk on the more heralded freshman? “He likes to make fun of Dakari and he likes to make fun of Julius,” Hood said. “Because they just bully people all the time.